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can i still claim missold ppi even though i went bankrupt

fedupbrokeandretired
fedupbrokeandretired Posts: 1 Newbie
edited 2 May 2011 at 10:08AM in Loans
Can anyone help with some advice please.
I took out a personal loan with MBNA 5 years ago with ppi and was made redundant 2 years ago, MBNA wanted proof of job seeking ,i was 61 when i took out loan,wasn't told that i was unsuitable age wise. any thoughts on this whether i have a justifiable claim?. Forgot to mention that i had to take out a DRO as no income exept garanteed pension credit.

Comments

  • amersall
    amersall Posts: 17,037
    Part of the Furniture 10,000 Posts Combo Breaker
    Forumite
    Hi there, you will be able to claim mis sell, I think as you are on a DRO the "win" will go to this, is this loan included in the DRO?.
    Someone else may know more about this and will post i am sure.

    Look here for reasons for mis sell
    http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#checklist
    I am sure some if not all will apply to your circumstances.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite
    On what grounds were you unsuitable for PPI - Men's retirement age then was 65 - you were under it - did you go bankrupt just because of this debt?
  • dresdendave
    dresdendave Posts: 892
    Part of the Furniture 500 Posts Photogenic
    Forumite
    If you were declared bankrupt shouldn't a payout for PPI be split between the creditors you failed to repay?

    The above is merely an observation and is not meant to be judgmental.
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